NZ dollar TWI climbs to 14-month high as strong US jobs report stokes risk appetite

Sun, 10 Jul 2016

By Paul McBeth July 11 (BusinessDesk) - The New Zealand dollar climbed to a 14-month high on a trade-weighted basis as a stronger than expected US jobs report stoked investors' appetite for risk-sensitive assets, boosting stock markets and commodity prices. The trade-weighted index rose as high as 78 and was at 77.90 at 8am in Wellington from 77.59 last week. The kiwi was little changed at 72.92 US cents from 73.04 cents at the New York close on Friday, and up from 72.54 cents at 5pm in Wellington. Stocks on Wall Street and in Europe...

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